PayPal's Crypto Holdings Approach $1 Billion, Primarily in Bitcoin and Ether
PayPal has disclosed that it holds nearly $1 billion in cryptocurrencies on its balance sheet, mainly consisting of BTC and ETH. In its latest quarterly financial performance report, the financial payments giant revealed...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In its latest quarterly financial performance report, the financial payments giant revealed that it holds $943 million worth of customer assets in bitcoin, ether, bitcoin cash, and litecoin, which marks an increase of $339 million from the end of last year....
Read More: PayPal's Crypto Holdings Approach $1 Billion, Primarily in Bitcoin and Ether
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Ethereum Price Disappoints: Bitmine Fails to Offset ETF Exodus
Ethereum price climbed 2.5% over 24 hours to just under $2,450, but remained below the $2,500 level as U.S. spot ETFs recorded nea...
Bitmine boosts Ethereum holdings to 6.04M ETH amid market volatility
Bitmine's strategic Ethereum accumulation signals strong institutional faith in its future value, potentially influencing market s...
Pendle Daily Volume Hits $159 Million, Led by Ethereum
Ethereum accounted for $121.5 million of trading, while the protocol's locked value rose only modestly during the day.... Read the...
Ether Worth $390 Million Locked up by Tom Lee’s Bitmine
Bitmine staked another 159,728 ETH worth about $390.6 million, lifting the share of its treasury put to work to 86.5%. One Transac...
Swiss Financial Regulator Gives Green Light to Country’s First Bitcoin ETF
Bitcoin Magazine Swiss Financial Regulator Gives Green Light to Country’s First Bitcoin ETF Swiss financial regulator FINMA has ap...
Wallet Linked to Drift Exploit Sends $61 Million in Ethereum to Tornado Cash
The North Korea-linked attacker behind April's $295 million Drift heist pushed 25,700 ETH through the mixer in two hours, and stil...